Breaking News: Charles Saatchi Donates his Gallery and over 200 works worth roughly $37.5 million to the UK to create London Museum of Contemporary art upon his retirement in 2012
Thursday, July 1st, 2010
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Tragic Anatomies (1996) by Jake and Dinos Chapman, via Artnet
Renowned advertising tycoon and art collector Charles Saatchi, 67, announced today that he would gift the Saatchi Gallery and over 200 works of art to the nation. Located in the Duke of York Square in Chelsea, the gallery will be renamed the Museum of Contemporary Art London in 2012 once Saatchi retires. The works which will be donated total more than $37.5 million and are situated in a 70,000 square foot gallery, one of the largest spaces in the world. Among the works to be donated include Tracey Emin‘s “My Bed” (1998), Jake and Dinos Chapman‘s “Tragic Anatomies” (1996), Richard Wilson’s oil room (1987), and Kader Attia‘s “Ghost” (2007).
More text and images after the jump…